Indian Terrain Fashions Limited — QIP/Rights/Pref., 12-02-2025: Preferential issue

Indian Terrain Fashions Limited has announced a board meeting outcome to raise ₹25 crore through the preferential issuance of 49,48,537 Convertible Warrants. The warrants will be allocated to three identified non-promoter entities at an issue price of ₹50.52 per warrant. This move is intended to bolster the company's financial position and support future growth plans. The company has scheduled an Extraordinary General Meeting on March 10, 2025, to seek shareholder approval for the allotment, with a cut-off date of February 7, 2025, for eligibility to vote.